Is Verizon (VZ) Expected to Post Impressive Earnings This Week?

We recently published a list of 10 Stocks Expected To Post Impressive Earnings This Week. In this article, we are going to take a look at where Verizon Communications Inc. (NYSE:VZ) stands against other stocks expected to post impressive earnings this week.

The earnings season is in full flow as we kick off the week with earnings from big names like Netflix and United Airlines. Most of the big names are expecting a positive earnings report with some even hitting 52-week highs in anticipation of the upcoming earnings.

The S&P is up 0.5% while the Dow is about to hit the 1% mark, reflecting the positive sentiment among the US traders.  We decided to compile a list of the top names scheduled to announce their earnings this week, looking at what was driving the optimism behind their earnings.

To come up with the list of 10 stocks expected to post impressive earnings this week, we only considered stocks with a market cap of over $30 billion that are scheduled to announce their earnings this week.

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Verizon Communications Inc. (NYSE:VZ)

Verizon Communications Inc. (NYSE:VZ) is a communications giant that has struggled to reward its shareholders in the last few years. The stock is currently trading below $40, a level that makes it quite an attractive investment.

Verizon Communications (NYSE:VZ) is aggressively expanding its Fixed Wireless segment. The segment is responsible for considerable subscriber growth as well as an uptick in sales per user. The telecom company intends to double its subscriber base by 2028, so the aggressive plans make sense. If the company can achieve that, it will have over 90 million connected households with 8 to 9 million subscribers. Investors will have their eyes on these numbers in the earnings report rather than the revenue and EPS.

The stock also has a 7% dividend yield that will keep attracting income investors despite the stock’s dismal performance in the recent past.

Verizon (NYSE:VZ) is not on our latest list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held VZ at the end of the third quarter which was 67 in the previous quarter.

Overall, VZ ranks 1st on our list of stocks expected to post impressive earnings this week. While we acknowledge the potential of VZ as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as VZ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.